Brexit Tag

European officials have said there will be no cliff-edge drop for derivatives markets if Britain leaves the EU without a deal.
Olivier Guersent, an aide to the bloc’s head of financial services, told a Politico event: “There is no cliff edge."
He made the remarks after his

Flash back to the immediate aftermath of the Brexit vote.
“London has committed suicide as a leading fintech centre,” tweeted Traxpay, a German payments platform.
Catchy advertising urged startups to “keep calm and move to Berlin”.
Over two years later, and it’s French President Emmanuel Macron leading the

Banking bosses have stressed that the government must push for a vastly improved equivalence regime, warning that the current system is "insufficiently load-bearing".
Speaking before MPs of the Treasury Select Committee this morning, executives from Barclays, Citigroup and JPMorgan said they were already implementing their no

With Article 50 set to be triggered imminently, the process of Britain leaving the EU is finally about to begin, with all that entails. Theresa May has set out plans for a Brexit that looks on the harder side of “hard”, worrying bankers and entrepreneurs

The UK has repeated its demands for a post-Brexit agreement on financial services to go way beyond the EU’s current standard with third countries in a new government paper, warning that a ‘hard Brexit’ will damage the EU.
The paper published on Monday (20 August) insists

Britain’s banking industry will emerge largely unscathed from Brexit and retain its position as one of the world’s top two financial centers for the foreseeable future, Barclays’ Chairman John McFarlane has said.
Home to the world’s highest number of banks and largest commercial insurance market, the City

The Square Mile has been left frustrated by reports that the EU's chief negotiator has already snubbed the UK's plan for a post-Brexit deal around financial services.
Michel Barnier has warned European colleagues against accepting the UK’s new proposal of enhanced equivalence, arguing it would prevent

Throughout the negotiations over Britain’s departure from the EU, there has been plenty of talk about hard and soft borders. Mostly this has centred on the frontier between Northern Ireland and the Irish Republic. But there is another soft border that has attracted rather less attention;

The City has blasted the government's new blueprint for Brexit, after it was revealed the preferred model for financial services has been dropped.
The long-awaited Brexit white paper was published early this afternoon. Although much of the 100-page document dealt with matters that had been outlined

As Downing Street sets out details of a possible post-Brexit customs arrangement, one of the suggestions that has emerged about the government's plans for the UK's future economic relationship with the EU is that it may try - in effect - to stay in the